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Former Executive of TPI Polene
Denies She Manipulated Stock

Dow Jones Newswires

Updated Dec. 22, 2003 12:01 a.m. ET

BANGKOK, Thailand -- Orapin Leophairatana, a former executive of cement maker TPI Polene PCL, on Friday denied allegations by Thailand's securities regulator that she manipulated the company's stock price ahead of a public offering earlier this year.

Ms. Orapin, a former director and also wife of the company's chief executive, Prachai Leophairatana, said she was acting on behalf of the company's board and had no intention to influence the company's stock price. She said that after she clears her name of the allegations, she...